The SHORT ANSWER IS... Exclusive Buyer Agents work exclusively for Buyers in Buyer's ONLY Brokerages to eliminate Sales Conflict-of-Interest.

The term "Exclusive Buyer Agent" is widely misused today. The National Association of Realtors® defined the term more then 20 years ago in Agency: Choices, Challenges & Opportunties: "Exclusive Buyer Representation - Also called Exclusive Buyer Agency, is the practice of representing only buyers, never sellers in a transaction. The company (brokerage) never lists a seller's property and thus never has a seller as a client."

By representing buyers exclusively the inherent Conflict-of-Interest in the Brokerage is eliminated.